Intimation of next date of Hearing
Awaiting price reaction for this filing.
Prabhat Technologies is currently undergoing a Corporate Insolvency Resolution Process (CIRP) and has informed BSE about a hearing held on September 25, 2025 at the Mumbai bench of the National Company Law Tribunal (NCLT). The original insolvency petition (C.P. (IB)/1874(MB) 2019) was filed by Paramount Consultant & Corporate Advisors Pvt Ltd against Prabhat Telecom India Ltd under Section 7 of the Insolvency and Bankruptcy Code, 2016, with State Bank of India also appearing as a creditor. Application IA 68 of 2021 has been heard and reserved for Orders, meaning the NCLT bench has finished hearing arguments and will now issue its ruling. The company has committed to informing the stock exchange once the order is passed.
The stock remains under CIRP overhang, meaning equity holders face significant risk of dilution or extinction if a resolution plan is approved. The pending NCLT order on IA 68/2021 could materially shift the direction of the resolution process — investors should watch for the next update closely as it may trigger sharp price movement.